Between Dec 19, 2024 and Jan 2, 2025, datasets can be submitted to DRUM but will not be processed until after the break. Staff will not be available to answer email during this period, and will not be able to provide DOIs until after Jan 2. If you are in need of a DOI during this period, consider Dryad or OpenICPSR. Submission responses to the UDC may also be delayed during this time.

Browsing by Author "Kadam, Aditi"

Now showing 1 - 3 of 3
  • Thumbnail Image
    Item
    Experimental Evidence on the Effect of Insurance on Producer Behavior in the Face of Price Risk
    (2019-08) Kadam, Aditi
    Production risks can be caused by indirect factors such as weather, and direct factors such as price. Failure of constructing resilient financial markets to mitigate these price risks, can cause damaging and lasting impacts to the economy. This study contributes to the literature on risk and uncertainty by testing the effect of insurance, both full and partial, on producer behavior in the face of price risk. I use an experimental setting to address the relationship between behavior under price risk uncertainty, and how that behavior is shaped in the presence of insurance. I find that participants do not adjust their production choices in situations of price risk. When provided with insurance, they do increase production significantly, and reduce it when it is unavailable. The positive effect of full insurance, is higher than that of partial insurance. By comparing the effect of partial, and full insurance, I find evidence for moral hazard.
  • Thumbnail Image
    Item
    Pay for Success: A Roadmap for Implementation in Minnesota
    (2018-05-09) Kadam, Aditi; Swanson, Jared; Kretschmann, Kyle; Lee, Min; Varshney, Nishank
    Pay for Success (PFS) is a promising financing model that encourages investment in programs that produce improved social outcomes resulting in future cost-savings for the government. In a PFS project, investors provide initial capital to scale-up effective social programs and the government pays back the investors only if the desired outcomes are achieved. Minnesota emerged as a pioneer in this field, being the first U.S. state to enact legislation authorizing a Pay for Performance pilot in 2011, even before the first PFS program was launched in New York. However, despite having the legislation in effect for more than 6 years now, no PFS project has been implemented in Minnesota. Meanwhile, over 20 PFS programs have been launched in other states such as Illinois, Ohio, Colorado, and South Carolina among others, some of which have also seen their first success payments made out to the investors.
  • Thumbnail Image
    Item
    Pay for Success: A Roadmap for Implementation in Minnesota
    (2018) Kadam, Aditi; Swanson, Jared; Kretschmann, Kyle; Lee, Min; Varshney, Nishank
    Pay for Success (PFS) is a promising financing model that encourages investment in programs that produce improved social outcomes resulting in future cost-savings for the government. In a PFS project, investors provide initial capital to scale-up effective social programs and the government pays back the investors only if the desired outcomes are achieved. Minnesota emerged as a pioneer in this field, being the first U.S. state to enact legislation authorizing a Pay for Performance pilot in 2011, even before the first PFS program was launched in New York. However, despite having the legislation in effect for more than 6 years now, no PFS project has been implemented in Minnesota. Meanwhile, over 20 PFS programs have been launched in other states such as Illinois, Ohio, Colorado, and South Carolina among others, some of which have also seen their first success payments made out to the investors. This report describes the PFS financing mechanism and provides a set of recommendations for the state government and other stakeholders to advance the implementation of PFS projects in Minnesota recognizing the roadblocks that stalled implementation of the state Pay for Performance Act. We present a set of steps through which PFS funding can be approached in Minnesota and provide a list of program areas where PFS projects can be launched. The report also highlights the legislative action that could move PFS projects ahead in the state of Minnesota and discusses some ways to move forward in the absence of legislative involvement.